VIC Geelong 2021

Discussion in 'Where to Buy' started by Misselle, 10th Jan, 2021.

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  1. jakc

    jakc Well-Known Member

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    jakc, 5th May, 2021
    #41
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  2. NICU_ RN

    NICU_ RN Member

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    The price differentials between areas certainly make more sense with this information! Thanks.
     
    NICU_ RN, 5th May, 2021
    #42
    jakc likes this.
  3. Lions4Eva

    Lions4Eva Well-Known Member

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    Geez Corio and Norlane look like a bit of a mess - Still really good value if you got in and bought a house there with a 2 in front of it.
     
    Lions4Eva, 7th May, 2021
    #43
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  4. Dave3214

    Dave3214 Well-Known Member

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    I guess i must bring the 3214 postcode down sadly :p
     
    Dave3214, 8th May, 2021
    #44
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  5. RedHat

    RedHat Well-Known Member

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    I cant comment on the socioeconomics but a couple of Corio IPs I bought early 2017 have done really well. Got CBA desky done this week and this what it is:

    290K--> 480K
    270-->440K
    Same tenants, always paying rent on time, kept the property neat and tight and its positively geared now. Happy investor me :)
     
    RedHat, 21st May, 2021
    #45
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  6. sash

    sash Well-Known Member

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    Geelong is nuts now! Everything is flying off the shelves.

    For example Armstrong Creek has some sales in there for over $1.2m. Wow!

    Everyone talks about Sydney and Brisbane...but places like Geelong and Newcastle on % basis have grown more.
     
    sash, 24th Aug, 2021
    #46
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  7. NWHT

    NWHT Well-Known Member

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    NWHT, 7th Oct, 2021
    #47
  8. Tyson

    Tyson Member

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    Quiet thread! Thanks for posting NWHT.

    Has anyone heard anything about the ongoing redevelopment of the former ford factory? Information seems very limited from mid/late 2020 onwards. Would appreciate any insight if anyone has an idea of its current status.
     
    Tyson, 7th Oct, 2021
    #48
  9. samiam

    samiam Well-Known Member

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    Any new update on Geelong?
    Any meat left?
     
    samiam, 14th Apr, 2022
    #49
  10. Pace

    Pace Member

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    How much impact would the 2026 Commonwealth games have on places like Geelong? Lots of games being held there
     
    Pace, 15th Apr, 2022
    #50
  11. Investor1111

    Investor1111 Well-Known Member

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    Was wondering myself when this got announced this week. Accoding to geelongtimes (albeit, pretty biased source :p) -> 2026 Commonwealth Games will contribute more than $3 billion to the state’s economy, creating almost 600 full-time equivalent jobs before the Games, 3,900 during the Games and a further 3,000 beyond the Closing Ceremony. Increased infrastructure spend to support the event aswell.
     
    Investor1111, 15th Apr, 2022
    #51
  12. sash

    sash Well-Known Member

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    For those interested my house in Geelong almost complete ...expected handover is July 2022...started in Oct 2022.

    Numbers land 345k.... build total 270k ...stamps/legals 15k. Total 630k. Current val ... 1m-1.1m. Rent 600-650pw.

    upload_2022-6-24_1-20-47.jpeg
     

    Attached Files:

    sash, 24th Jun, 2022
    #52
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  13. Harris

    Harris Well-Known Member

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    congrats - what part of Geelong?

    I was in Belmont on mon inspecting an aged care property which got passed in at an auction on wed and I have put an offer... will know if it gets accepted within the next few days and if so will be holding there too.
     
    Harris, 24th Jun, 2022
    #53
  14. sash

    sash Well-Known Member

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    Along the Bellarine.
     
    sash, 24th Jun, 2022
    #54
  15. Investor1111

    Investor1111 Well-Known Member

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    naice mate
     
    Investor1111, 24th Jun, 2022
    #55
  16. Dmash

    Dmash Well-Known Member

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    Massive win there mate. Nice stuff
     
    Dmash, 24th Jun, 2022
    #56
    sash likes this.
  17. Brendon

    Brendon Well-Known Member

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    Any thoughts of taking the profit and running or happy to hold.

    Do you see any future growth at those prices or think it’s topped out but happy to just have a new property to rent out with (hopefully) no dramas and maintenance to worry about?
     
    Brendon, 24th Jun, 2022
    #57
  18. sash

    sash Well-Known Member

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    No that is a keeper. Hard to replace and fantastic depreciation over the next 10 years
     
    sash, 24th Jun, 2022
    #58
    Brendon likes this.
  19. jins13

    jins13 Well-Known Member

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    I believe this was the house you showed me in yesterday's meet up? Good looking house and hopefully eliminates any phone calls/ emails about any maintenance issues.
     
    jins13, 21st Jul, 2022
    #59
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